Underlying Loan Agreement definition

Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

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Underlying Loan Agreement means, with respect to any Collateral Asset, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Collateral Asset is made.

Underlying Loan Agreement means each single lender or multi-lender commercial loan or credit agreements or other debt agreements or instruments customary for the applicable type of Loan originated or acquired by NewStar.

Examples of Underlying Loan Agreement in a sentence

Upon Substantial Completion (as defined in the Underlying Loan Agreement) of the Mortgaged Property, if the Mortgaged Property is located in seismic zones 3 or 4, an architectural or engineering consultant will perform an analysis of the Mortgaged Property in order to evaluate the structural and seismic condition of such property, for the sole purpose of assessing either the scenario expected limit (“SEL”) or the probable maximum loss (“PML”) for the Mortgaged Property in the event of an earthquake.
Each of the Mortgage and Assignment of Leases is assignable without the consent of Underlying Borrower subject to customary restrictions regarding qualified transferees as set forth in the Underlying Loan Documents, so long as no Event of Default (as defined in the Underlying Loan Agreement) has occurred and is continuing.
Prior to Substantial Completion (as defined in the Underlying Loan Agreement) of the project improvements, so long as no Event of Default has occurred and is continuing, the Agent (as defined in the Underlying Loan Agreement) may not be replaced without Borrower’s written approval unless such replacement Agent is an Eligible Assignee (as defined in the Underlying Loan Agreement).
Borrower covenants to (or to cause administrative agent (or any appointed third- party servicer) under the Underlying Loan Agreement to) use commercially reasonable efforts to safeguard such Servicing Records in Borrower’s possession and to deliver them promptly to Lender or its designee (including the Custodian) at ▇▇▇▇▇▇’s request.
Promptly following Borrower’s enforcement of any remedies it may have in the Underlying Loan Documents as against the Underlying Borrower or Guarantor upon an “Event of Default” (as defined in the Underlying Loan Agreement) which remedy is not otherwise a Material Modification requiring Administrative Agent’s approval pursuant to the foregoing, Borrower shall deliver a notice to Lender describing the nature of such “Event of Default” and the remedies so enforced.

More Definitions of Underlying Loan Agreement

Underlying Loan Agreement means the “Loan Agreement” (as defined in the Underlying Mortgage Note).

Underlying Loan Agreement means the Loan and Security Agreement, between Seller, in its capacity as lender thereunder, and PennyMac Holdings, LLC, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Underlying Loan Agreement means that certain Loan Agreement, dated as of September 25, 2015, between Underlying Borrower and Underlying Lender, as lender, as same may be amended, modified and/or restated in accordance with the terms and conditions hereof.

Underlying Loan Agreement means, with respect to any Collateral Loan, the document or documents evidencing the commercial loan agreement or facility or indenture pursuant to which such Collateral Loan is made or issued.

Underlying Loan Agreement means, any credit agreement, indenture or other agreement or document pursuant to which a Loan Asset with respect to any loan or debt for borrowed money or note, as applicable, has been issued or created and each other agreement that governs the terms of or, if applicable, secures the obligations represented by such Loan Asset, including any co‐lender or servicing agreement entered into by an applicable Underlying Agent or Underlying Servicer and, in respect of the Australian Collateral, includes the Australian Equity Notes and the document entitled “Shareholders’ agreement – Channel Capital Pty Ltd” dated November 20, 2020 between Channel Capital Pty Ltd ACN ▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇, ▇▇▇▇ Holding and ▇▇▇▇▇▇ ▇▇▇. “Underlying Obligor Default” means, with respect to any Eligible Portfolio Asset that is a Loan Asset following the Cut‐Off Date relating thereto, the occurrence of one or more of the following events (any of which, for the avoidance of doubt, may occur more than once): (a) an Obligor payment default has occurred and is continuing under such Loan Asset (after giving effect to any grace or cure period or notice requirement set forth in the applicable Underlying Loan Agreement); (b) any other event of default or similar event or circumstance under the Underlying Loan Agreement for such Portfolio Asset for which the Co‐Borrowers (or agent or required lenders pursuant to the applicable Underlying Loan Agreement, as applicable) has elected to exercise any of its rights and remedies with respect to such Loan Asset (including the acceleration of the loan relating thereto), unless otherwise agreed to in writing by the Majority Lenders; (c) a Bankruptcy Event occurs with respect to any related Obligor under any Underlying Loan Agreement. “United States” means the United States of America. “U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association, or any successor thereto, recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “Valuation Policy” means a Loan Party’s valuation policy as in effect on the Closing Date, as the same may be amended, supplemented or as otherwise modified from time to time by such Loan Party with the prior consent of the Majority Lenders. “Write‐Down and Conversion Powers” means, with respect to any EEA Resolution Authority, t...

Underlying Loan Agreement shall have the meaning specified in the Recitals to this Agreement.